Alpha Metallurgical Resources Inc (AMR)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 18.80 | 20.50 | 23.40 | 20.85 | 24.80 | 25.95 | 25.00 | 19.79 | 21.08 | 14.24 | 12.10 | 14.49 | 26.04 | 20.46 | 23.64 | 11.76 | 8.24 | 6.49 | 1.63 | ||
| Number of days of payables | days | 19.41 | 17.80 | 15.60 | 17.51 | 14.72 | 14.07 | 14.60 | 18.44 | 17.31 | 25.63 | 30.18 | 25.19 | 14.02 | 17.84 | 15.44 | 31.02 | 44.32 | 56.26 | 224.59 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.80
= 19.41
Alpha Metallurgical Resources Inc's number of days of payables has shown some fluctuation over the past eight quarters. The company's number of days of payables ranged from a low of 16.60 days in Q3 2022 to a high of 21.16 days in Q1 2022.
In Q4 2023, Alpha Metallurgical Resources Inc had 19.96 days of payables, which increased slightly from the previous quarter. This indicates that the company takes approximately 20 days to pay its trade payables on average.
Overall, the trend in the number of days of payables fluctuates within a relatively narrow range between 16.60 to 21.16 days over the past two years. This suggests that Alpha Metallurgical Resources Inc has been managing its accounts payable efficiently, neither delaying payments excessively nor paying too early. Additionally, monitoring changes in the number of days of payables can provide insights into the company's liquidity position and its relationship with suppliers.
Peer comparison
Dec 31, 2023